Teachers Retirement System of The State of Kentucky Raises Stock Position in ZTO Express (Cayman) Inc. $ZTO

Teachers Retirement System of The State of Kentucky raised its stake in shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 895,650 shares of the transportation company’s stock after buying an additional 68,800 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.15% of ZTO Express (Cayman) worth $17,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of ZTO Express (Cayman) in the third quarter worth $414,000. EverSource Wealth Advisors LLC boosted its position in ZTO Express (Cayman) by 51.1% in the third quarter. EverSource Wealth Advisors LLC now owns 5,272 shares of the transportation company’s stock worth $101,000 after purchasing an additional 1,783 shares during the last quarter. Aurora Investment Counsel increased its position in shares of ZTO Express (Cayman) by 5.6% during the 3rd quarter. Aurora Investment Counsel now owns 149,433 shares of the transportation company’s stock valued at $2,869,000 after purchasing an additional 7,978 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of ZTO Express (Cayman) by 4.9% in the 3rd quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock worth $153,589,000 after purchasing an additional 376,179 shares during the period. Finally, Todd Asset Management LLC boosted its holdings in shares of ZTO Express (Cayman) by 6.3% in the third quarter. Todd Asset Management LLC now owns 1,439,998 shares of the transportation company’s stock worth $27,648,000 after buying an additional 85,545 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock opened at $23.35 on Wednesday. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 4.34 and a beta of -0.20. The stock has a 50 day moving average price of $22.88 and a 200-day moving average price of $20.66. ZTO Express has a one year low of $16.34 and a one year high of $25.52.

Analysts Set New Price Targets

A number of brokerages have commented on ZTO. Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Wall Street Zen lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.36.

ZTO Express (Cayman) Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.